EFT (Electronic Funds Transfer)
EFT makes moving money better: Our proprietary Electronic Funds Transfer (EFT) platform lets you push and pull money from any bank account in Canada. As a business writing cheques or using wire transfers you stand to save considerable time and money. You'll get paid faster too. Companies like yours could be especially well suited for our EFT platform, especially if you require recurring billing and payments
Collect payments. Pay suppliers. Automate the flow of money
Enter transactions: Add bulk transactions from financial software or manually add onetime payments by logging onto our secure website.
Processor moves funds: Customers or suppliers are notified that their bank account has been debited or credited.
Check your inbox: Money is automatically settled from your Account or can be withdrawn manually Keep profits. Save time.
Automate payments: recurring billing, bill payments, and payroll
- No cheques to buy, sign, mail, or reconcile
- Guaranteed to be cheaper than the postage and labour of writing cheques
- Integrate directly with your financial systems to move money with a click. Get paid faster. Reduce A/R time
- Turn NET 60 to NET 1
- Get paid directly from customer?s bank account
- Burden of NSF fees transferred to customers Integrate with confidence
Our dedicated technology team will work with you to integrate with your financial systems. Our team has experience doing integrations to all of the popular accounting systems including Microsoft Dynamics, Simply Accounting, and ACCPAC and other popular enterprise resource planning applications.
Technical Details: Unlike other Electronic Funds Transfer systems available in Canada, Processor does not require you to collect paper based PAD agreements with your customer, or void checks. Our sign up process is totally automated and your customer?s banking information is stored in our PCI / SAS 70 Certified Data center. You can sleep comfortably knowing that you are no longer responsible for keeping your customers banking details in your computer systems. Our platform is hosted on fully-redundant equipment located in a top-tier data center alongside other financial institutions and mission critical infrastructure. Off site backups, 24x7 security monitoring, backup generators and UPSs protect our infrastructure and your data.
Processor's batch upload system allows your accounting department to preview payment batches and totals to verify the accuracy of transactions before submission.